Forex Trend Analysis Report
Prepared for you on Saturday, April 17, 2021.
Japanese Yen/South African Rand (FOREX:JPYZAR)
Long-Term Downtrend (-90) - JPYZAR is in a strong downtrend that is likely to continue. While JPYZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid JPYZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYZAR
The long-term trend has been DOWN since Nov 3rd, 2020 at 0.15376340
The intermediate-term trend has been DOWN since Mar 15th, 2021 at 0.13606972
The short-term trend has been DOWN since Apr 14th, 2021 at 0.13244322
Smart Scan Analysis for JPYZAR
Based on our trend formula, JPYZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).